![]() The 50/30/20 budgeting strategy can be easier to achieve if you live in a two-income household. Thankfully, there are simple ways to save money when you don’t have free time to pursue a side hustle. Separating your necessary monthly expenses (needs) from your wants can be challenging at first. The remaining 20% for savings and extra debt payments should include saving for retirement and boosting your emergency fund. Your “wants” might consist of streaming plans and date nights. The 50/30/20 rule divides your cash into one of three categories:Įxamples of your “needs” include your minimum monthly loan payments, insurance and living expenses. You’re also more likely to be able to afford a one-time financial surprise or temporary pay cut without going into debt. Only spending half of your income on needs means you’re not living paycheck to paycheck. The “50/30/20 rule” encourages you to only spend half of your monthly income on necessary expenses. Most budgeting templates are a zero-sum budget where you assign a budget category for each dollar you earn. You can modify the income and expense categories to fit your personal spending plan.Ĭheck out our Free Budget and Financial Planning Printables as well. Expenses – Groceries, giving, “His” and “Her” spending, vehicle and gas, etc.Housing expenses – Mortgage/rent, utilities, internet, insurance, etc.Income – You and your spouse’s (if applicable) monthly salary.The Starter Budget takes a monthly look at these categories: You can open the Starter Budget in Microsoft Excel or Google Sheets. Using Well Kept Wallet’s own Starter Budget is free and saves you time. The digital alternative is manually logging each transaction into your spreadsheet.īuilding your own template can be effective, but it’s easy to overlook certain expenses. The simplest budget is writing your income and expenses on a piece of paper. These complex budgeting templates are “too smart.” In addition, even more useful and most importantly free templates are on the gdoc.io website.You may only need a basic budget template that lets you quickly compare your income and monthly expenses.Īdvanced spreadsheets may require too much effort to update or can be confusing to navigate. That being said, if you’re not satisfied with its green color, you can easily change its appearance right in Google Sheets. With it, it will be much easier for you to control your expenses or save on some goods. This template is perfect to regulate your money issues and resources. ![]() At the bottom of the template, there is a dedicated space to write “Total Expenses”. ![]() Below is a structured spreadsheet that will allow you to record all the details of your expenses (House, Water, Car, Vacation, etc.) in a jiffy. Nearby is a graph that clearly shows all your calculations and recorded as a percentage. The upper part consists of several sections, in one of which you can place the total amount of earnings, expenses and calculate the difference. The design of this template is great for quiet work and gradual calculation of your finances. Whether you’re looking to create a personal budget or manage your business finances, this template can give you the structure and organization you need to succeed. Moreover, it can be a powerful tool to reach your financial goals. With an easily customizable template and the ability to collaborate with others. Fortunately, we have already prepared this budget spreadsheet free Google Sheets template. ![]() However, keeping track of expenses and creating a budget that works for you can be a daunting task. Managing finances is a crucial element in both personal and professional spheres, carrying significant importance. The Budget Spreadsheet is a Free Google Sheets Template, which can be easily edited online. ![]()
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